Azerbaijan tightens risk management requirements for microfinance sector

The Central Bank of Azerbaijan (CBA) plans to toughen requirements to the microfinance sector on risk management. This was stated by CBA Director General Togrul Aliyev at the Azerbaijan Microfinance Conference on ‘Innovative Solutions for Sustainable Microfinance’ in Baku. ‘Due to changes in the legislation on non-bank credit organisations, changes in the CBA's risk management requirements are expected. For this purpos...

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